Constructive gadfly
Published on November 25, 2003 By stevendedalus In Politics

 Most of us think the stock market is the sole indicator of a good or bad economy. However, with so much investment going overseas, it doesn’t tell the whole story. More important is labor statistics. The top retailier, for instance always seems to lead the pack in job creation, but most of it is part time and roughly at minimum wage, but its greatest impact on creating jobs is abroad by importing tons of foreign made goods.

There was a time when buying American was the patriotic thing to do but now in purchasing a Toyota could very well mean that the auto consists of more American made parts than a Ford!Labor unfortunately has become a global commodity, which has forced down the value of American labor. This sounds like good news for consumers until they, too, find their own jobs devaluated.

It used to be said that communism makes everyone equally low life. If a Mexican worker is worth a dollar an hour, it is arrogance for the American worker to expect two dollars, let alone eight or nine.
Could it be that the US is destined to become a third world country?

Comments
on Nov 25, 2003
Thanks, Steven, for a thought-provoking post. There was a great article in Fast Company (http://www.fastcompany.com/magazine/) this month entitled "The Walmart You DON"T Know." Basically the premise is that in driving prices down (and profits up, each of the 5 heirs to Sam Walton is worth about $18 billion. Not a misprint, EACH!) Walmart forces American companies to out-source labor. One can only sell to Walmart if you send jobs overseas to reduce costs. In the short term that means that consumers can buy cheap products. But in the long-term, as those same consumers lose their jobs or accept pay-cuts, they will only be able to afford cheap products. Ironically, Sam Walton, the founder, was a big supporter of carrying American made goods and clearly labeling them as such.

In the old days, there was a saying that "Whats good for General Motors, is good for the USA." That is no longer the case. In the world economy, the lines have blurred.
on Nov 25, 2003
Thanks for a very thought-provoking reply.
on Nov 29, 2003
When the churches leave Christ, the nation goes downhill. Our Christian roots have been replaced with atheism (yes, schools teach religion) and if we continue in this our nation will self destruct.
on Dec 21, 2003
America for the most part is a giant consumer whore with little or no delay of gratification and this is evident in everything they do. Two years in a row people have died by being trampled at Wal-Mart during it's opening Xmas day sales spree. Americans want everything cheap so corporations must go to other countries such as China, Korea, Tiawan, etc. so they can pay people a few pennies an hour to do the work that a greedy, fat, lazy american wants at least $12 and hour to do. It is good business sense for the corporations. On the bad side Great Britian before world war two use to brag about its intellectual ability to outsource all it's goods and if it wasn't for America England would be filled with Germans today because they had few industries within its own borders. We could shut all our borders and start creating our own products and we would be fine because America imports more that it exports. But that would not fit someone's plan for a world economy. Hell we'll even knowingly let chinese agents into our top nuclear sites to steal our advance nuclear designs in order to open trading with them. Or did you forget about that, oh yeah Clinton covered that up with a sex scandal which really says something about the people of America's attention span. ~chuckles~